River Road Asset Management LLC Trims Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC cut its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,439,673 shares of the transportation company's stock after selling 238,552 shares during the quarter. Air Transport Services Group comprises 2.1% of River Road Asset Management LLC's holdings, making the stock its 7th biggest position. River Road Asset Management LLC owned approximately 12.93% of Air Transport Services Group worth $148,623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATSG. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Air Transport Services Group during the 4th quarter worth approximately $26,000. Quarry LP boosted its position in Air Transport Services Group by 165.9% during the 2nd quarter. Quarry LP now owns 1,433 shares of the transportation company's stock worth $27,000 after acquiring an additional 894 shares during the last quarter. Harbour Investments Inc. boosted its position in Air Transport Services Group by 374.9% during the 4th quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company's stock worth $32,000 after acquiring an additional 986 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Air Transport Services Group by 141.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company's stock worth $35,000 after acquiring an additional 980 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Air Transport Services Group by 1,147.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company's stock worth $35,000 after acquiring an additional 1,262 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

ATSG traded down $0.11 during trading hours on Wednesday, reaching $12.45. The company's stock had a trading volume of 346,022 shares, compared to its average volume of 644,999. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $24.96. The company's 50-day moving average is $13.19 and its 200-day moving average is $15.82. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.74 and a current ratio of 0.86. The firm has a market cap of $817.72 million, a PE ratio of 16.60 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The business had revenue of $517.04 million during the quarter, compared to the consensus estimate of $521.04 million. On average, equities analysts forecast that Air Transport Services Group, Inc. will post 0.73 EPS for the current year.

Analyst Upgrades and Downgrades

ATSG has been the subject of a number of recent research reports. StockNews.com downgraded Air Transport Services Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 26th. Susquehanna dropped their price objective on Air Transport Services Group from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 28th. Finally, Truist Financial upped their price objective on Air Transport Services Group from $16.00 to $20.00 and gave the stock a "hold" rating in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $24.33.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.